Housing market/Connecticut/ZIP 06416
ZIP 06416 Cromwell, Connecticut
Hartford-West Hartford-East Hartford, CT MSA · Connecticut. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 06416 · CT — sent to you.
ZIP 06416 · CT
ACS rent vs 2BR SAFMR
ZIP 06416 — Cromwell, CT HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 06416
- 1-unit detached3,63357.8%
- 1-unit attached97815.6%
- 2–4 units66210.5%
- 5–49 units6179.8%
- 50+ units3966.3%
2–4 unit share 10.5% · 5–49 unit share 9.8% · combined 2–49 20.3%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,536 (all bedrooms, occupied rentals).
- Median contract rent $1,424.
- Renters paying ≥30% of income 56.2%; ≥50% 16.8%.
- FY2027 2BR SAFMR $2,050 (1.335× ACS median gross rent).
Population
14,301 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +2.4%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
What the data shows
ZIP 06416 19.7% of occupied households are renters; vacancy is 6.7%; ACS median gross rent is $1,536; population increased +2.4% between the 2018 and 2023 ACS vintages; the housing stock includes 662 units in 2–4-unit structures and 617 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,050 versus ACS median gross rent of $1,536. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Connecticut research
ZIP 06416 is a Census / HUD profile for Hartford-West Hartford-East Hartford, CT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 06416 — Cromwell, CT HUD Section 8 Payment Standards / SAFMR·Connecticut ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Connecticut research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 06416?
ZIP 06416 (Hartford-West Hartford-East Hartford, CT MSA) has 14,301 residents, 5,868 households, a renter share of 19.7%, median household income of $104,458, and ACS 2023 median gross rent of $1,536. Vacancy is 6.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 06416?
ACS counts 246 units in 2-unit buildings, 416 in 3–4 unit buildings, 369 in 5–9, 99 in 10–19, and 149 in 20–49. Combined 2–49 unit stock is 1,279 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 06416?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,050. See the full schedule and 90–110% payment-standard band on the ZIP 06416 — Cromwell, CT HUD Section 8 Payment Standards / SAFMR.
Does this Connecticut ZIP profile include Georgia listings?
No. ZIP 06416 is Census / HUD research for Hartford-West Hartford-East Hartford, CT MSA. Jeff Crowe CRE does not list Connecticut property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.